On 8 August 2018 the ICCC held a forum with leaders from the New Zealand banking industry's top five rural lenders - ANZ, ASB, BNZ, Westpac and Rabobank
Purpose of the banks forum
The Government is focussed on pathways for how New Zealand can achieve a goal of 100 per cent renewable electricity by 2035, and how surrender obligations could best be arranged if agriculture greenhouse gases enter the NZETS. The ICCC will address both of these questions while also providing independent evidence and analysis on how New Zealand can transition to a low emissions future economy.
The transition to a low emissions economy will involve a shift to greener energy technologies and more sustainable agriculture. The finance sector will play a key role in facilitating this shift, providing lending to clean technology and agribusiness customers.
This forum was an opportunity to bring together senior leaders from the major rural lenders to engage and share perspectives and evidence. In particular we wanted to understand the role of banks in transitioning to a low emissions economy.
Participants were given 15 minutes to present their views including a Q & A session. We suggested the following key questions as a guide:
- What are the main challenges for banks regarding climate change?
- What are the opportunities?
- What are the key priorities for the Committee to consider?
Click here for the ICCC Banks Forum agenda [PDF, 425 KB].